WTEJ.DE vs. GBSE.DE

Last updated Jun 5, 2026

WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) and GBSE.DE (WisdomTree Physical Gold EUR Daily Hedged) are both exchange-traded funds - WTEJ.DE is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud, while GBSE.DE is a Gold fund tracking the MS Long Gold Euro Hedged. Both are passively managed. Over the past 5 years, WTEJ.DE returned -6.47%/yr vs 15.61%/yr for GBSE.DE. At a 0.03 correlation, their price movements are largely independent. WTEJ.DE charges 0.40%/yr vs 0.12%/yr for GBSE.DE.

Performance

WTEJ.DE vs. GBSE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) and WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTEJ.DE achieves a -3.77% return, which is significantly lower than GBSE.DE's 0.31% return.

WTEJ.DE

• 1D: 1.76%
• 1M: 18.51%
• YTD: -3.77%
• 6M: -4.08%
• 1Y: -10.28%
• 3Y*: 0.54%
• 5Y*: -6.47%
• 10Y*: —

GBSE.DE

• 1D: 0.75%
• 1M: -4.83%
• YTD: 0.31%
• 6M: 4.58%
• 1Y: 29.37%
• 3Y*: 28.22%
• 5Y*: 15.61%
• 10Y*: 10.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTEJ.DE vs. GBSE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc	-3.77%	-16.66%	12.94%	39.67%	-50.17%	4.71%	90.46%	4.50%
GBSE.DE WisdomTree Physical Gold EUR Daily Hedged	0.31%	62.87%	24.14%	10.15%	-2.06%	-5.63%	21.48%	-0.02%

Correlation

The correlation between WTEJ.DE and GBSE.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.03

Return for Risk

WTEJ.DE vs. GBSE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTEJ.DE

WTEJ.DE Risk / Return Rank: 7
WTEJ.DE Sharpe Ratio Rank: 7
WTEJ.DE Sortino Ratio Rank: 7
WTEJ.DE Omega Ratio Rank: 7
WTEJ.DE Calmar Ratio Rank: 7
WTEJ.DE Martin Ratio Rank: 6

GBSE.DE

GBSE.DE Risk / Return Rank: 32
GBSE.DE Sharpe Ratio Rank: 33
GBSE.DE Sortino Ratio Rank: 30
GBSE.DE Omega Ratio Rank: 34
GBSE.DE Calmar Ratio Rank: 34
GBSE.DE Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTEJ.DE vs. GBSE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) and WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	WTEJ.DE	GBSE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.16	-1.41
Sortino ratio: Return per unit of downside risk	-0.11	1.59	-1.70
Omega ratio: Gain probability vs. loss probability	0.99	1.22	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.25	1.63	-1.88
Martin ratio: Return relative to average drawdown	-0.55	4.08	-4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTEJ.DE vs. GBSE.DE - Sharpe Ratio Comparison

The current WTEJ.DE Sharpe Ratio is -0.25, which is lower than the GBSE.DE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of WTEJ.DE and GBSE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTEJ.DE	GBSE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	1.16	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.90	-1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.31	-0.20

Drawdowns

WTEJ.DE vs. GBSE.DE - Drawdown Comparison

The maximum WTEJ.DE drawdown since its inception was -63.60%, which is greater than GBSE.DE's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for WTEJ.DE and GBSE.DE.

Drawdown Indicators

	WTEJ.DE	GBSE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-63.60%	-38.38%	-25.22%
Max Drawdown (1Y) Largest decline over 1 year	-36.22%	-17.55%	-18.67%
Max Drawdown (3Y) Largest decline over 3 years	-48.59%	-17.55%	-31.04%
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	-22.71%	-40.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.45%	—
Current Drawdown Current decline from peak	-48.45%	-16.18%	-32.27%
Average Drawdown Average peak-to-trough decline	-35.70%	-18.88%	-16.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	7.02%	+8.98%

Volatility

WTEJ.DE vs. GBSE.DE - Volatility Comparison

WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a higher volatility of 15.88% compared to WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) at 5.93%. This indicates that WTEJ.DE's price experiences larger fluctuations and is considered to be riskier than GBSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTEJ.DE	GBSE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	5.93%	+9.95%
Volatility (6M) Calculated over the trailing 6-month period	32.38%	21.62%	+10.76%
Volatility (1Y) Calculated over the trailing 1-year period	36.29%	24.64%	+11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.57%	17.12%	+18.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.61%	15.50%	+23.11%

WTEJ.DE vs. GBSE.DE - Expense Ratio Comparison

WTEJ.DE has a 0.40% expense ratio, which is higher than GBSE.DE's 0.12% expense ratio.

Dividends

WTEJ.DE vs. GBSE.DE - Dividend Comparison

Neither WTEJ.DE nor GBSE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WTEJ.DE and GBSE.DE in my portfolio?

WTEJ.DE and GBSE.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTEJ.DE or GBSE.DE?

On fees, GBSE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTEJ.DE or GBSE.DE?

GBSE.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for WTEJ.DE.

What is the main difference between WTEJ.DE and GBSE.DE?

WTEJ.DE is categorized as Technology Equities, while GBSE.DE is Gold. WTEJ.DE tracks BVP Nasdaq Emerging Cloud, while GBSE.DE tracks MS Long Gold Euro Hedged. Their fees differ too: 0.40% for WTEJ.DE and 0.12% for GBSE.DE.